Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.
Current Location
